Which of the following statements is FALSE? a. There is a cause-and-effect relationship between the cost driver and the amount of cost. b. Over the long run all costs have cost drivers. c. Volume

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which of the following statements is FALSE?
a.
There is a cause-and-effect relationship between the cost driver and the amount of cost.
b.
Over the long run all costs have cost drivers.
c.
Volume of production is a cost driver of direct manufacturing costs.
d.
Fixed costs have cost drivers over the short run.
 
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